المستخلص: |
This study analyzed and explains the Déterminants of Stagflation in the Egyptian Economy: (1980-2011) by using the Johansen Co-integration Approach ,Dickey Fuller (ADF) test to insure the applicability of the OLS procédure , and Granger Causality test to déterminé the direction of the causal relationship between the variables, the Variance Décomposition and the impulse response function (IRF) to explain the impact of a sudden shock on the variables. The study divided the potential reasons for the occurrence of the phenomenon in the Egyptian economy into the higher of the cost of production and the structural changes in the Egyptian economy. The study shows a short and a long run relationship between variables in the model. The conclusion of The empirical analysis revealed that the stagflation in the Egyptian economy occurs because of the changes in the labour structural and the successive increases of the cost of production resulting from the higher of the cost of domestic intermediate goods, and the lower of the wages/output ratio. \
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